James
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1james1n1.bsky.social
James
@1james1n1.bsky.social
I post mainly about personal finance & shares. My tweets are not investment advice. Do your own research.
Pinned
Heading into November with a line-up slightly changed with #KITW.L out and #KNOS.L in as a replacement.

Up 13.5% YTD which is good vs small-cap indexes, but less good against the market as a whole.

A handful of updates expected in Nov, so everything to play for!
#VOD.L - Interims

➡️Upgrades adjusted BS Earnings for FY, but interesting to note this is up while operating profit is down for Interims due to increased depreciation costs.
➡️Announces another €500m buyback.
➡️Actual PBT looks flat on PY due to restructuring, depreciation & interest costs. 🤷
November 11, 2025 at 7:41 AM
#LUCE.L - Q3 TU

✅"FY profitability to be towards the upper end of market expectations"
✅Notes "a sequentially improving trend" of Rev growth.
✅Q3 Rev up 19.5%, with EV charging a driver.
✅Op margins up 40bps in Q3.
➡️Leverage of 1.6x - not a "strong B/S" imo.
November 11, 2025 at 7:33 AM
#FOUR.L - TU

Looks like it downgraded guidance so comprehensively earlier in the year that it is now at the high end of expectations.

➡️FY Rev of $1.32bn & PBT of $142m+, both at high end of range.
➡️Tarrifs impacting product costs later than anticipated, supporting profits.
➡️Cash of £124m.
November 11, 2025 at 7:23 AM
#FDM.L - TU

For holders, there will be some relief this morning that todays' TU does not downgrade performance further, but even suggests a potential recovery.

➡️"financial performance for FY25 will be in line with its expectations"
➡️Conditions still tough, but activity pick up in some geographies.
November 11, 2025 at 7:13 AM
#MPE.L - TU

A rare example of a company referring back to previous statements to then report something good, as opposed to using them as previous markers to then report poor performance.

✅"Group revenue to be higher than previously envisaged, with enhanced anticipated profitability"
November 10, 2025 at 7:29 AM
#CHG.L - FY TU

➡️Overall, "FY25 adjusted operating profit in line with analyst expectations"
➡️EPS benefits from slightly lower finance costs. Net debt at £95m.
➡️Order book up 30% to £1.3bn.
➡️Further contract wins, a number of which are listed.
➡️Outlook: "robust market conditions"
November 10, 2025 at 7:25 AM
#KNOS.L - Interims

➡️Rev up 7%, adj PBT down 16%, divi up 5%.
✅Bookings up 27%, ARR up 19%, contracted backlog up 12%.
➡️Costs up due investments, NI increase & use of contractors to add short-term delivery capacity.
➡️Cash of £105.5m down - restructuring & WC.
➡️"FY profit expectations maintained"
November 10, 2025 at 7:12 AM
#ITV.L - "Press Speculation"

Whilst I could not find recent evidence of this speculation, it seems there has been chatter re ITV selling its M&E business and today it announces preliminary disccsions on a sale to Sky for £1.6bn.
November 7, 2025 at 7:19 AM
#MEGP.L - FY TU

➡️Rev to be £311-£318m, although this looks to be in constant currency & a small miss vs expectations.
➡️PBT to be £76-79m, with the top end of the range trimmed by £1m since Interims.
➡️Laundry up strongly, photo down slightly.
➡️"well-positioned" for year ahead.
November 7, 2025 at 7:14 AM
Interest rates held at 4% - I was thinking it would be strange to drop ahead of the budget, either to second guess its contents or assume no material impact without waiting to hear the precise measures it contains.
November 6, 2025 at 12:18 PM
#WOSG.L - 1H TU

➡️Rev up 8% (10% in cc), with US up an impressive 20% (in cc).
➡️"We delivered strong momentum in the first half of the year and are well placed for the Holiday trading period"
➡️"We are reiterating our FY26 guidance for the FY"
➡️Notes uncertainties, investing in stores.
November 6, 2025 at 7:45 AM
#FTC.L - Contract win

✅Has won a €7m contract to supply "RF assemblies for integration into a major Low Earth Orbit satellite constellation programme over next 3 years.

Looks a useful broadening of customer base & demonstrates its capability in this area.
November 6, 2025 at 7:37 AM
#FDEV.L - Game Update

✅Reports Jurrasic World Evolution 3 has seen strong player engagement & critic reviews.
✅Has shifted 500k units in c2 weeks at higher revenue than its predecessor.
✅"strong launch of Jurassic World Evolution 3 bodes well for Frontier's current financial year"
November 6, 2025 at 7:31 AM
#VCP.L - 1H TU

🚨1H Rev down 7%, FY Rev behind PY
➡️Notes an improving qtrly sequential revenue trend
➡️BS Earnings of £53m - so a LBT is a nailed on cert.
➡️Expects 2H improvement, but notes lots of risks.
➡️Self-help measures progressing well.
➡️Property sales anticipated.
➡️Working on debt refinancing.
November 6, 2025 at 7:22 AM
"People of BlueSky! Let's get to know each other better! What is your all-time favourite TV show?"

I think its hard to beat the early series of 24 "My name is Jack Bauer and this is the longest day of my life"
November 5, 2025 at 7:44 AM
#TRN.L - Interims

➡️Rev up 2%, PBT up 42.5%, adj EPS up 27%.
✅Raises BS Earnings guidance from 6-9% growth to 10-13% growth. "Given the strength of our 1H performance, we are again raising our [BS Earnings] guidance for the full year".
➡️Benefits from operational leverage.
➡️Further buyback underway.
November 5, 2025 at 7:38 AM
#JDW.L - TU

➡️YTD lfl sales up 3.7%, total Rev up 4.2% & outperforming the hospitality business tracker.
➡️Some property & franchise juggling.
➡️Outlook : Edited below to remove abuse of the RNS system for spouting personal opinions & it boils down to caution ahead of upcoming budget statement.
November 5, 2025 at 7:24 AM
#HEAD.L - TU

🚨Warns that "the Board expects full year performance to be below expectations"
🚨Warns business is tough & it's under-performing, saying, it has "continued to experience challenging market dynamics and execution".
➡️Cost cuts, operational improvements & property sales on the menu.
November 5, 2025 at 7:16 AM
#KITW.L - 1H TU

➡️1H "profit to be in line with market expectations for the Period"
➡️SW Depot now on track after add'l spend - to hit targets in 2026.
➡️Accounting Date change.
➡️CFO retires - internal succession.
➡️"macroeconomic outlook is set to remain difficult for the foreseeable future"
November 5, 2025 at 7:09 AM
#TUNE.L - 12 month results

➡️Rev up 6.6%, PBT up 169.8%, net debt down 13.6%.
➡️"The outlook for the current period continues to be in line with the Board's expectations"
➡️Post reporting period trading has seen "healthy underlying demand for the Group's products"
➡️Pricing seeks to offset tariffs.
November 4, 2025 at 7:34 AM
#DOM.L - Q3 TU

Languising on a fwd P/E of 9.9, the valuation reflects an ex-growth performance echoed in the Q3 update.

My highlights summary below 👇
November 4, 2025 at 7:25 AM
#VNET.L - 1H TU

➡️Rev flat at £7.7m, op profit up 10.4% before adjustments (which I would like to see).
➡️Net debt down £0.5m to £0.5m despite a small buyback & divis.
➡️Did up to 0.4p.
➡️"confident in the Group's outlook for the remainder of the year"

Still looks pricey to me imo.
November 4, 2025 at 7:17 AM
#ZTF.L - Q3 TU

➡️Overall Q3 was in line with expectations & flat with a strong PY comparator in constant currency.
➡️FY outlook: "the Board expects revenue and adj PBT for 2025 to be in line with current market expectations"
➡️B/S leverage at 0.5x - good cashflow.
➡️Strategic progress: "exceptional"
November 4, 2025 at 7:12 AM
#RYA - 1H Earnings & Q2 Update

✅PAT up 42% for 1H & up 20% in Q2.
✅Passenger volumes up 3%, fares up 13%, costs strongly contained, fuel hedges extended & some earlier plane deliveries all helping.
November 3, 2025 at 7:30 AM
#BBSN.L - Possible Acquisition

➡️Confirming the SkyNews pre-RNS story published yesterday about a potential acquisition of M&C Performance business for £50m.
➡️Would "be materially accretive to underlying Group earnings per share on a pro-forma basis."
➡️Funded by debt & a placing.
November 3, 2025 at 7:15 AM